IDEAS home Printed from https://ideas.repec.org/h/wsi/wschap/9789819802920_0022.html

Rethinking Latin American Oil and Gas Market: Case of Guyana–Venezuela Dispute and its Influence on the Competitiveness of the Region

In: The Sustainable Development of the Entrepreneurial Economy in the Fifth Industrial Revolution

Author

Listed:
  • Inga A. Mezinova
  • Oleg V. Bodiagin

Abstract

Over the past 17 years, the Republic of Guyana has demonstrated a new miracle of economic growth, progressing from a low-income state to a high-income economy (within the World Bank classification). The discovery and subsequent exploitation of substantial oil and gas reserves in the Essequibo Region have been identified as the primary drivers of this economic transformation. However, escalating a longstanding territorial dispute between Guyana and Venezuela over this territory raises significant concerns for regional security and competitiveness. It is an issue that threatens stability within the Latin America and the Caribbean (LAC) region and globally. This research aims to ascertain the present energy balance and examine the implications of the ongoing conflict. The findings of the research indicate that the resolution of this protracted dispute will necessitate the continuation of diplomatic efforts, respect for international law, and a commitment to peaceful coexistence between the two nations.

Suggested Citation

  • Inga A. Mezinova & Oleg V. Bodiagin, 2026. "Rethinking Latin American Oil and Gas Market: Case of Guyana–Venezuela Dispute and its Influence on the Competitiveness of the Region," World Scientific Book Chapters, in: Elena Popkova & Gulnora Abdurakhmanova (ed.), The Sustainable Development of the Entrepreneurial Economy in the Fifth Industrial Revolution, chapter 22, pages 257-268, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789819802920_0022
    as

    Download full text from publisher

    File URL: https://www.worldscientific.com/doi/pdf/10.1142/9789819802920_0022
    Download Restriction: Ebook Access is available upon purchase.
    File URL: https://www.worldscientific.com/doi/abs/10.1142/9789819802920_0022
    Download Restriction: Ebook Access is available upon purchase.
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:wschap:9789819802920_0022. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscientific.com/page/worldscibooks .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.